RNT 4.35% 2.2¢ rent.com.au limited

Is the goose still posting? I've got him on ignore... But don't...

  1. 373 Posts.
    Is the goose still posting? I've got him on ignore...
    But don't ignore Bill Moss and Andrew Abercrombie. Two very intelligent businessmen.

    Bill Moss holds 6,531,036 RNT shares, Andrew 5,779,544.
    I suggest readers google these blokes if you aren't familiar with their background - they know what they are doing - unlike loose goose.

    Growth may be slower than I - or RNT directors - had hoped for (previous guidance of 1st Half FY18 breakeven, is now anticipated as simply "FY18"). So another 6 months to cash flow positive.

    If you step back and look at the big picture though, 6 months is nothing for investors, willing to hold like Bill and Andy.

    IMO the renter resume product will be a key driver of revenue due to the "Network Effect", http://www.investopedia.com/terms/n/network-effect.asp
    whereby RNT will become more valuable the more people use it.

    Have faith and patience fellow investors. It's been a rough ride, but to quit now with only 3 to 6 months out from breakeven may be regrettable. Especially due to the fact that the top 20 holders of RNT account for 46.38% of ordinary shares issued - which are tightly held - meaning when good news does come (if good news does come, it's still a speccy) - the price will pop quickly similar to the last run.




 
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Last
2.2¢
Change
-0.001(4.35%)
Mkt cap ! $14.35M
Open High Low Value Volume
2.3¢ 2.3¢ 2.2¢ $2.559K 115.0K

Buyers (Bids)

No. Vol. Price($)
2 210683 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 540000 2
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